Simon Hu, president of Alibaba Cloud, said the planned investment will add to its existing data centers in 14 locations worldwide, and will enhance future deployment in economies related to the Belt and Road Initiative as more Chinese companies conduct business there.
"We wish for those other countries in the world not to make any obstacles to the success of this initiative", said Felix Gonzalez, vice minister of foreign affairs for Middle East, Asia and Oceania, Reuters reported.
But officials have expressed concern Beijing might use "Belt and Road" to promote exports by encouraging its neighbours to adopt China's industrial standards for railways and other goods.
It also participates directly via an agreement called the Bangladesh-China-India-Myanmar economic corridor.
Pointing out that enhancing physical connectivity should bring greater economic benefits to all in an equitable and balanced manner, he said, "We are working with many countries and global institutions in support of physical and digital connectivity in our own immediate and near neighbourhood". China is India's largest trading partner, and some of the biggest Chinese firms including Alibaba, Xiaomi and Oppo have a huge presence in the country - either as investors or through their own operations. Japan has given billions of dollars in grants and low-priced loans to Southeast Asian nations to build ports and other facilities, and governments including South Korea have launched trade initiatives.
China has defended globalisation at a time when the United States is retreating into "America First" policies on trade and foreign relations under President Donald Trump.
The Pakistan Prime Minister will attend the inaugural session of the One Belt One Road Summit, a plenary meeting of high-level dialogue and the state banquet.
He urged countries to follow the Belt and Road principles of extensive consultation, joint contribution and shared benefits to strengthen policy, infrastructure, trade, financial and people-to-people connectivity among countries.
While the absence of India was a talking point among the 4,000 Chinese and foreign media registered to cover the event, there was no official comment from China on New Delhi giving the forum a miss. But he said India believes that "connectivity initiatives must be based on universally recognized global norms, good governance, rule of law, openness, transparency and equality". Lorenzana said no decisions had been made about what arms might be bought or how much.
"Pursuing the B&R initiative, China has no intention to form a small group detrimental to stability", Xi was quoted as saying by the state-run Xinhua news agency.
He didn't give any specific investment figures for new projects expected to be signed under the initiative.
Instead, he said, Beijing wants "partnerships of friendship" and a "big family of harmonious coexistence".
The 20-year Chinese loan at 2.5 percent annual interest would cover 85 percent of the rail line's estimated cost of 550 billion forints ($1.9 billion), according to a statement by Szijjarto posted on a government website.